[Code of Federal Regulations]
[Title 7, Volume 8]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR981.55]

[Page 523]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER IX--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
      Orders; Fruits, Vegetables, Nuts), DEPARTMENT OF AGRICULTURE
 
PART 981_ALMONDS GROWN IN CALIFORNIA--Table of Contents
 
                    Subpart_Order Regulating Handling
 
Sec. 981.55  Interhandler transfers.

    (a) Any handler may, upon notice to and under the supervision and 
direction of the Board, transfer almonds or reserve credits to another 
handler. Any such transfers shall be accounted for in such manner that 
the reserve obligation and assessments on the combined transactions of 
the participating handlers shall be fully met and such reserve 
withholding obligation and assessments may be divided between such 
handlers in accordance with their arrangements subject to approval of 
the Board.
    (b) When salable and reserve percentages are in effect, any handler 
may transfer reserve withholding obligation to other handlers. Terms and 
conditions implementing this provision must be recommended by the Board 
and approved by the Secretary.

[35 FR 11372, July 16, 1970, as amended at 61 FR 32921, June 26, 1996]